Alberta Ecotrust Foundation and Efficiency Capital have partnered to deliver deep energy retrofits in multi-unit residential buildings throughout the province.
Alberta Ecotrust Foundation is an environmental charity working on climate action in Calgary and Edmonton through its Climate Innovation Fund. It is committed to creating new and innovative programs to help both cities reach their climate goals. Efficiency Capital is one of Canada’s first energy-as-a-service companies that delivers fully funded, turnkey deep energy retrofits financed through the energy cost savings.
Alberta building owners now have an easier way to retrofit their buildings to make them more energy efficient, less carbon intensive, and, ultimately, more valuable. The goal of this partnership is to accelerate building retrofits, which aligns with the goals of Calgary’s and Edmonton’s climate plans. Approximately 30 per cent of greenhouse gas emissions in Calgary, and 20 per cent in Edmonton, come from residential buildings, and retrofitting them is a key action for achieving carbon neutrality by 2050.
Proving existing market demand for these types of offerings in Alberta, the first project as a result of this partnership is already under development. It involves two buildings in Edmonton, with a total of 165 units.
“As a founding member of the Low Carbon Cities Canada network, the partnership between Alberta Ecotrust Foundation and Efficiency Capital is a natural fit,” says Randy Boissonnault, minister of tourism and associate minister of finance. “This will not only help build resilient Alberta communities and accelerate emissions reductions, but it will also create good paying jobs and support economic growth that leaves no one behind.”
